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Worldpay to merge with U.S. Vantiv in £9 billion deal

U.S. Vantiv will buy the Britain's biggest payments processing company Worldpay for £7.7 billion, plus £1.4bn to cover debts.

The merger will led to creation of a scale world-class payments processing company with a combined market value of more than $20bn (£15.5bn).

Shareholders in the UK fintech firm will possess a 41% stake in the new company, but it will have to delist from the London stock market.

Last year, Worldpay's e-commerce payments revenue increased by 21.7% to £386.6m, pre-tax profit rose to £264.1m as the number of transactions reached 14.9 billion.

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